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$750,000

$775,000

1331 Cedar Springs Dr, Prosper, TX, 75078

On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,595 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.62 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR-8600-008-0060-1
Lot Number6
SubdivisionLakes Of La Cima Phase Two (Cpr)
Land UseResidential
Legal DescriptionLAKES OF LA CIMA PHASE TWO (CPR), BLK 8, LOT 6
Census Tract030303
Assessed Land Value$300,000
Assessed Improvement Value$583,161
Assessment Year2025

About this property

Welcome to 1331 Cedar Springs Drive, a beautifully designed one-story home nestled on an oversized .35-acre lot in the highly sought-after Lakes of La Cima community in Prosper. Offering approximately 3,595 square feet, this spacious residence features 4 bedrooms, 3 full baths, and 3 car garage with a private study that can serve as a fifth bedroom, and an expansive flex space perfect for a game room, media room, or second living area. From the moment you enter, you'll appreciate the soaring ceilings, rich hardwood floors, plantation shutters, decorative niches, and open-concept design that creates an inviting atmosphere for both everyday living and entertaining. The chef-inspired kitchen showcases granite countertops, gas cooking, double ovens, abundant cabinetry, and a seamless connection to the spacious family room anchored by a cozy fireplace. The oversized primary suite provides a peaceful retreat, while generously sized secondary bedrooms offer comfort and flexibility for family and guests. Situated on a large backyard lot with plenty of room for a future pool, outdoor kitchen, or play space, this home offers endless possibilities to create your ideal outdoor oasis. Residents enjoy access to community pools, parks, greenbelts, playgrounds, and miles of walking and biking trails. Located within award-winning Prosper ISD and just a short walk to Folsom Elementary, this exceptional home combines space, functionality, and a premier location in one of Prosper's most established neighborhoods. Experience the perfect blend of comfort, convenience, and timeless design at 1331 Cedar Springs Drive. Home is zoned for Walnut Grove HS. Some website have it listed incorrectly.

Investor Tools

Property Icon
$883,161
Estimated Property Value
$401,500Estimated Mortgage Balance
$526,456Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,299 /month
Positive
Cash Flow Estimate:
$1,766 /month

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Ashley Hardcastle

The Real Estate Project

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,314/month
$238/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,357
$883,161
2025
$300,000
$583,161
$883,161
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,357
$883,161

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Titus38 Llc
Conventional
$401,500
No
First
Oct 13, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$356,705
$526,456
59%
40%
$2,408/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$2,646/mo
+$804/mo
4.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Prosper

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1331 Cedar Springs Dr | Property Details | No Agent List